AU Optronics Corp (NYSE:AUO) Downgraded by BidaskClub to “Hold”
AU Optronics Corp (NYSE:AUO) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report issued on Saturday.
A number of other analysts have also weighed in on AUO. Zacks Investment Research lowered shares of AU Optronics Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. CLSA started coverage on shares of AU Optronics Corp in a research note on Friday, May 19th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $4.38.
Shares of AU Optronics Corp (NYSE AUO) traded down 0.49% on Friday, reaching $4.07. 2,695,708 shares of the company’s stock were exchanged. AU Optronics Corp has a 1-year low of $3.32 and a 1-year high of $4.95. The stock’s 50-day moving average price is $4.01 and its 200-day moving average price is $3.94. The company has a market capitalization of $3.92 billion, a P/E ratio of 4.85 and a beta of 0.52.
AU Optronics Corp (NYSE:AUO) last issued its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by $0.49. The company had revenue of $88.56 billion during the quarter, compared to analyst estimates of $88.56 billion. AU Optronics Corp had a return on equity of 11.96% and a net margin of 6.63%. The company’s revenue was up 24.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.57) earnings per share. Analysts anticipate that AU Optronics Corp will post $1.06 EPS for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in AU Optronics Corp during the fourth quarter valued at approximately $473,000. Comerica Bank raised its stake in AU Optronics Corp by 12.9% in the fourth quarter. Comerica Bank now owns 54,466 shares of the semiconductor company’s stock valued at $219,000 after buying an additional 6,235 shares in the last quarter. State Street Corp raised its stake in AU Optronics Corp by 21.4% in the fourth quarter. State Street Corp now owns 865,762 shares of the semiconductor company’s stock valued at $3,064,000 after buying an additional 152,778 shares in the last quarter. Allianz Asset Management AG raised its stake in AU Optronics Corp by 269.9% in the fourth quarter. Allianz Asset Management AG now owns 333,222 shares of the semiconductor company’s stock valued at $1,180,000 after buying an additional 243,142 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new stake in AU Optronics Corp during the fourth quarter valued at approximately $448,000. 8.17% of the stock is owned by institutional investors and hedge funds.
About AU Optronics Corp
AU Optronics Corp. is a thin-film-transistor liquid-crystal display (TFT-LCD) panel provider. The Company operates in two business segments: display business and solar business. Through Display business segment, the Company designs, develops, manufactures, assembles and markets flat panel displays and most of its products are TFT-LCD panels.
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